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Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
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Sector Update: Financial
Sector Update: Financial
Mar 21, 2024
03:19 PM EDT, 03/21/2024 (MT Newswires) -- Financial stocks advanced late Thursday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.9%. The Philadelphia Housing Index climbed 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4% Bitcoin (BTC-USD) dropped 4% to $65,176, and the yield for 10-year US Treasuries...
Sector Update: Health Care
Sector Update: Health Care
Mar 21, 2024
03:42 PM EDT, 03/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.3%. The iShares Biotechnology ETF (IBB) climbed 0.9%. In corporate news, Eledon Pharmaceuticals ( ELDN ) shares surged 12% after it said its tegoprubart monoclonal antibody was used...
FedEx, Nike And 3 Stocks To Watch Heading Into Friday
FedEx, Nike And 3 Stocks To Watch Heading Into Friday
Mar 22, 2024
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: FedEx Corporation ( FDX ) reported better-than-expected earnings for its third quarter and authorized a new $5 billion share repurchase program. FedEx ( FDX ) shares jumped 12.9% to $299.07 in the after-hours trading session. Worthington Steel,...
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Mar 22, 2024
The CNN Money Fear and Greed index showed a slight increase in the overall market sentiment on Thursday. U.S. stocks closed higher on Thursday, extending gains recorded in the previous session. The Fed kept interest rates unchanged Wednesday between 5.25% and 5.5% at its March meeting, as widely expected by investors, confirming intentions to lower the cost of money in the...
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Morgan Stanley's Michael Grimes in talks for role in Trump administration, WSJ reports
Morgan Stanley's Michael Grimes in talks for role in Trump administration, WSJ reports
Jan 22, 2025
(Reuters) - Michael Grimes, a technology banker with Morgan Stanley, is in talks to leave the bank for a position in U.S. President Donald Trump's administration, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions. It wasn't immediately clear what specific role Grimes is pursuing, the report said, but suggested that he may be working with...
Shareholders of Australian apparel retailers Myer, Premier approve merger
Shareholders of Australian apparel retailers Myer, Premier approve merger
Jan 22, 2025
(Reuters) - Shareholders of Australian apparel retail firms Myer and Premier Investments ( PMAUF ) approved on Thursday the merger of the latter's apparel brands with Myer, in a deal valued at A$864 million ($541.99 million). More than 96% of votes cast by Myer shareholders favoured the combination, while over 99% of votes approved the merger at Premier's meeting. The...
Taiwan's HTC to sell part of XR unit to Google for $250 million
Taiwan's HTC to sell part of XR unit to Google for $250 million
Jan 22, 2025
TAIPEI (Reuters) - Taiwan's HTC said on Thursday it will sell part of its extended reality (XR) unit to Google for $250 million, with some members of the Taiwanese company joining the U.S. one. The transaction is expected to close in the first quarter of this year, HTC said. The two companies will also explore further future collaboration opportunities, HTC...
Lyondell to begin closure of Houston refinery this weekend, sources say
Lyondell to begin closure of Houston refinery this weekend, sources say
Jan 22, 2025
HOUSTON (Reuters) -LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations. Layoffs of up to 400 employees at the refinery are scheduled to start two months after the shutdown begins, the sources said. The company said on Wednesday it is following a planned schedule to close the...
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Ripple v. SEC Lawsuit Update July 1st
Ripple v. SEC Lawsuit Update July 1st
Jul 1, 2024
TL;DR Ripples ongoing legal battle with the SEC over XRP sales has seen some favorable rulings for the company. The lawsuits outcome is expected to cause significant volatility for XRP and the broader crypto market, with potential for a rally if Ripple wins. The Cases Current Status Its been over three and a half years since the US Securities and...
Here’s Why Keith “Roaring Kitty” Gill is Being Sued
Here’s Why Keith “Roaring Kitty” Gill is Being Sued
Jul 1, 2024
Keith Gill, the stock trader known for his role in the 2021 GameStop frenzy, is facing securities fraud claims. A class-action lawsuit filed on June 28 in the Eastern District of New York accuses Gill of organizing a pump and dump scheme through several social media posts that caused GameStop (GME) stock prices to fluctuate wildly between May and June...
Bitcoin Price Analysis: Is the BTC Correction Over Following Latest Move to $63K?
Bitcoin Price Analysis: Is the BTC Correction Over Following Latest Move to $63K?
Jul 1, 2024
Bitcoin’s price is finally showing some signs of recovery. The questions to now consider are whether the recent correction is over and if new all-time highs are still possible. Lets dive in. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been trending down since it failed to break above the $75K mark earlier in...
Meme Coin Outlook July 1st: Dogwifhat (WIF) Outperforms DOGE, SHIB, and PEPE
Meme Coin Outlook July 1st: Dogwifhat (WIF) Outperforms DOGE, SHIB, and PEPE
Jul 1, 2024
TL;DR Dogwifhat (WIF), a meme coin on the Solana ecosystem, has surged nearly 50% weekly to $2.30, becoming one of the top-performers in the cohort. Analysts predict a continued bull run for the asset, with forecasts suggesting it could reach $3 soon and possibly $12 by year-end. WIF on the Spotlight The largest meme coin built on the Solana ecosystem—dogwifhat...
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